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10 points Use the graph shown below to calculate the growth rate of real GDP for a price increase of 20 percentage points in each

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10 points Use the graph shown below to calculate the growth rate of real GDP for a price increase of 20 percentage points in each case. Enter your responses below rounded to one decimal place. 6) 160 155 150 145 140 135 130 125 120 115 110 105 100 95 90 85 80 950 1000 1050 1100 1150 1200 1250 1300 Price index 0 Reel GDP a. If the present price level is 100, the growth rate of real GDP is 96. b. If the present price level is 120. the growth rate of real GDP is 96

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